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According to the statement, Vestle will also have the same features, trading tools and trading platforms as iforex.eu website. It will also offer CFD trading on instruments from numerous markets – shares, commodities, indices, currencies, ETFs and Bitcoin.

Rebranding for EU Regulations

It is not uncommon for companies to change their name. Only yesterday, Finance Magnates reported that ADS Securities has now rebranded its operations and will be henceforth known as ADSS.

However, the name change comes in the wake of strict EU regulations for brokers from the European Securities and Markets Authority (ESMA), and it could be an attempt from iFOREX to clearly separate its EU operations from its non-EU operations.

The new regulations were announced on March 27, 2018 with ESMA stating leverage limits for retail investors would be 30:1 for major FX pairs, 20:1 for non-major pairs, gold, and major indices, 10:1 for other commodities and non-major indices, 5:1 for stocks and 2:1 for cryptocurrencies.

To adhere to these regulations, the Vestle site will also have a Negative Balance Protection policy and offer leveraged trading within the new restrictions.